Ensign Energy Services: A Dividend Yield Trap

What to make of Ensign Energy's high dividend yield? At 15.74%, Ensign currently has the highest dividend yield of all companies listed on the S&P/TSX Composite Index. While this may be attractive to dividend investors, a high dividend yield may signify trouble. Today, we examine the company’s financial statements and management’s actions, including those of its direct competitors, to answer the question: is this just another dividend yield trap?

Dividend InvestingThe ETF DaddyAugust 20, 2019Ensign Energy Services, Precision Drilling, Nabors Industries, Transocean, Noble Corporation, Dividend Yields, Cash Flow Statement, Financial StrengthComment

AltaGas Cash Flows: A Test Case

Cash Flow Statements aren’t always as they appear. Many times, adjustments are necessary to make for an apples to apples comparison with other companies. Geoffrey Learmonth, the Sunday Investor, takes you through some basic cash flow adjustments of AltaGas’ 2018 Consolidated Statement of Cash Flows, and sees whether or not there are any clues as to what actions the Company will take next.

The ETF DaddyAugust 15, 2019Cash Flow From Operating Activities, Cash Flow From Investing Activities, Cash Flow From Financing Activities, Free Cash Flow, IFRS, U.S. GAAP, AltaGas, Cash Flow Statement, WGL HoldingsComment